[miningmx.com] – ZAMBIA’S Copperbelt Energy Corporation, which is the biggest power supplier to Zambia’s mines, was in talks with Old Mutual to sell it a share in a $220m hydropower project, said Bloomberg News.
“We are speaking to them and they seem to be very interested,’ Hanson Sindowe, chairman of the power supplier,” told the newswire service. “They are carrying out their own due diligence,’ he said.
Copperbelt Energy plans on completing financing for the Kabompo Gorge hydro-power project by the end of the year. The 40MW plant will help ease a power deficit that could disrupt mining operations this year, Sindowe said.
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